December 30th News — On December 29th, the closing price of para-xylene (PX) in the Asian market fell by USD 26 per ton, settling at USD 867–869 per ton FOB Korea and USD 892–894 per ton CFR China. Chempricehub's analysis of PX, with a bullish-bearish score of -1.5, indicates that spot prices dropped by USD 26 per ton, with FOB Korea and CFR China quotations at USD 867–869 per ton and USD 892–894 per ton, respectively. This suggests increased supply or weak demand in the Asian market, exerting significant downward pressure on spot prices. Combined with relevant futures contract data, the main contract, such as 2603, closed at CNY 7,270 per ton, with a settlement price of CNY 7,322 per ton, declining by 168 points for the day. Open interest decreased by 30,624 lots, reflecting heightened bearish sentiment in the market. The decline in futures prices mirrors the weak trend in the spot market, with short-term prices expected to remain under pressure. Overall, the substantial decline (approximately 3%) and supporting futures data indicate a bearish trend, with a score of -1.5 reflecting a strong bearish impact.